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Title: Constructing a knowledge economy composite indicator with imprecise data
Authors: Cherchye, Laurens
Moesen, Willem
Rogge, Nicky
Van Puyenbroeck, Tom
Issue Date: Jul-2009
Publisher: KULeuven CES
Series Title: CES - Discussion paper series 09.15 pages:1-24
Abstract: This paper focuses on the construction of a composite indicator for the knowledge based economy using imprecise data. Specifically, for some indicators we only have information on the bounds of the interval within which the true value is believed to lie. The proposed approach is based on a recent offspring in the Data Envelopment Analysis literature. Given the setting of evaluating countries, this paper discerns a ‘strong country in weak environment’ and ‘weak country in strong environment’ scenario resulting in respectively an upper and lower bound on countries’ performance. Accordingly, we derive a classification of ‘benchmark countries’, ‘potential benchmark countries’, and ‘countries open to improvement’.
Publication status: published
KU Leuven publication type: IR
Appears in Collections:Research Center of Public Economics, Leuven
Department of Economics, Leuven - miscellaneous
Research Centre for Economics and Corporate Sustainability, Campus Brussels
Faculty of Economics and Business (FEB) - miscellaneous
Research Centre for Educational Research & Development, Campus Brussels (-)
Department of ECON-CEDON, Campus Brussels

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